QIP opened at Rs 211.70 floor price; final issue price pending
TIMETECHNO · price
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On the reaction day the stock moved 0.3 pts more than Nifty Microcap 250 and 0.8 pts more than its Plastic Products - Industrial peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
The committee authorized opening a qualified institutional placement on November 6, 2025, and approved a floor price of Rs 211.70 per Rs 1 equity share. The final price will be set with the lead manager, and the company may offer up to a 5% discount. The issue size and investors are not yet disclosed.
The issue may dilute existing shareholders and raise capital. A possible discount could weigh on sentiment, while final pricing and investor details remain unknown.